You’ve probably seen it on lots of apps and websites: buttons urging you to sign in with your Google or Facebook account. Sometimes it’s to let you share files, photos or emails. Other times it’s to use Google or Facebook as a quick way to log in somewhere new. My rule of thumb is to […]
U.S. consumer inflation excluding energy and food accelerated to a new four-decade high in September, a sign that strong and broad price pressures are persisting. The Labor Department on Thursday said that its so-called core consumer-price index—which excludes volatile energy and food prices—rose 6.6% in September from a year earlier, the biggest increase since August 1982. […]
(Bloomberg) — Federal Reserve Bank of Atlanta President Raphael Bostic said he favors lifting interest rates to between 4% and 4.5% by the end of this year, and then keeping the tightening in place to reduce inflation that remains near a four-decade high. “I would like to reach a point where policy is moderately restrictive […]
Dell has too many computers. Nike is swimming in summer clothes. And Gap is flooded with basics like T-shirts and shorts. After struggling with product shortages for much of the pandemic, the country’s retailers are now facing the opposite problem: an unprecedented glut of unsold merchandise that’s cutting into profits, derailing holiday plans and threatening […]
WASHINGTON, Sept 26 (Reuters) – U.S. Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping U.S. stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. “There are interactions there,” Cleveland Fed President Loretta Mester said, noting that financial market volatility can affect investor decisions and the […]
The Federal Trade Commission wants to take a closer look at Amazon’s $1.7 billion takeover of Roomba maker iRobot, delaying an acquisition process that has no expected closing date in sight. Both Bedford-based iRobot Corp. (Nasdaq: IRBT) and Amazon.com Inc. (Nasdaq: AMZN) received a request for additional information Monday from the FTC in connection with […]
After a slowdown in buyer activity starting in late spring, home price and value drops are being observed more frequently across the U.S. Nowhere are home values declining quicker than in the western United States, though. California cities San Francisco, Los Angeles and Sacramento, as well as Salt Lake City in Utah, saw the biggest […]
As the life sciences industry moves out of the spotlight of the Covid-19 pandemic and into a new era, a fierce cohort of women founders and executives is leading the way. Women still make up a small fraction of board members and C-suite executives in the life sciences industry. A report last month from Cambridge- […]
Inflation—and rising interest rates—are at the center of the American economic conversation. And for good reason, as the Fed anticipates more increases. Keeping interest rates in historical perspective Inflation is the highest it’s been since the early 1980s. Combined with the volatile swings in data throughout the pandemic, “We’re in uncharted territory,” said Ginger Chambless, […]
Demand for apartments plummeted in the national apartment market in the third quarter, coming off what had been several quarters of strong run-up in demand and rent growth for the national multifamily market. In fact, apartment demand turned negative last quarter, the first Q3 in at least 30 years that such a phenomenon occurred, according […]
